World sugar and vegetable oil market September 27, Malaysian palm oil prices reversed and increased again

Updated Sep 28, 2023
Vegetable oil Palm oil contract for delivery in December 2023 on the Bursa Malaysia exchange at the beginning of this morning's trading session increased by 19 ringgit, equivalent to 0.51% to 3,711 ringgit (788.9 USD)/ton. At lunch break, this contract was at 3,731 ringgit (793.15 USD)/ton. According to commodity surveyor Intertek Testing Services, Malaysia's exports of palm oil products in the first 25 days of September 2023 increased 17.5% to 1,144,707 tons from 974,235 tons exported in the same period in August. Independent inspection firm AmSpec Agri Malaysia estimates exports during this period increased 15.2% to 1.09 million tons from 945,155 tons exported in the same period in August. EU palm oil imports in 2023/24 as of September 24 reached 821,115 tons, down from 902,142 tons imported in the same period last year. On the Chicago stock exchange, soybean oil prices decreased 0.21%. On the Dalian exchange, soybean oil prices increased 0.35% and palm oil prices increased ...
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